Milliman - Milliman Economic Scenario Generator
Type of system
- Economic / risk scenario generator
- IFRS 17 solution
- LDTI solution
- Pricing
- Solvency II solution
- Stress and scenario testing
Type of platform
- SaaS
Other features
- Curve-fitting
- Least-squares Monte Carlo
- NAIC Principle-based reserving
- NAIC RMORSA
- Replicating portfolios
- Solvency II internal model
- Solvency II standard formula
Has the product an open API? Yes / No?
Yes, Milliman ESG provides a comprehensive REST API for optimising large-scale economic scenario generation within third-party or in-house systems. This API can be integrated with any operating system and is compatible with any programming language through HTTPS requests
What are the typical implementation costs for your product?
For most cases, there is typically no implementation cost as the Milliman Economic Scenario Generator is delivered as a SaaS with an intuitive and user-friendly web interface. Bespoke implementations using the integration-ready API of Milliman ESG can be done within weeks to a few months. Implementation costs will depend on the integration level of Milliman ESG required by the client.
How long does your product take to implement on site?
Milliman ESG is a Software as a Service (SaaS) solution based on a secured interface between a website and a calculation engine hosted in Microsoft Azure Cloud. As a result, the solution is readily usable limiting implementation work. In addition, we assist our clients to set up their modelling framework (choice of the risk factors, choice of the models, etc.) and to develop approaches adapted to their needs.
We also offer a turnkey economic scenario delivery service, from data sourcing to scenarios validation, meeting technical and regulatory requirements, to help our clients control their solvency and manage their risks, while reducing the operational constraints of in-house production.
Please name companies that use the system/product
Milliman ESG is used by various clients worldwide with specific needs and requirements. Our client base includes insurers and bank insurers located in Europe, the USA, the Middle East, and the Asia-Pacific regions.
Product summary: Please summarise your product’s key points for re/insurers in no more than 100 words.
Milliman Economic Scenario Generator (ESG) is a comprehensive package of ESG services (cloud-based SaaS solution, scenario delivery, consulting, …). It delivers a distinctive combination of production efficiency and expertise support, along with state-of-the-art modelling catalogue and high-quality data to generate economic scenarios for both market-consistent and real-world applications. It stands out for its award-winning, user-friendly interface, customisable scenario modelling, and seamless integration features. It also offers continuous support, training, and updates to enable compliance with changing regulatory standards.
Website
Milliman Economic Scenario Generator